How To Get A Second Chance Bank Account

If you’re blacklisted by banks with free checking accounts and can’t get a new checking account, there are a couple of things that you can do get your finances back on track. Both methods are very easy, but one resolves all of your problems instantly, and the other can take years for you to see the full benefits of. In this post I want to show you both ways to get a second chance bank account or second chance checking account so that you can stop wasting your money at the check cashing store and pay for things like everyone else!

While there are a few banks that offer second chance bank accounts, they are very rare. Compass Bank offers these and other checking account promotions, but they only operate in a few states and require that you live close to a branch in order to be approved. One way around this is to open a savings account with a traditional bank. Most banks have no problem giving a savings account to people who’ve have problems in the past since there is little risk to them. After your savings account is open, keep it active and in good standing for a while and they will eventually offer you a checking account to go along with it. This takes a while, but it will work.

If you can’t wait that long, get a 2nd chance account from a company that specializes in these. Companies like Rush Card will approve you instantly and get your account opened almost immediately, as with a passbook savings account. They offer all of the same benefits that you get from a standard bank, but charge a little bit more money to operate your account. You can deposit and withdraw money normally, as well as have a debit card, checks, direct deposit, and be able to shop online. These accounts are very effective for those that can’t get an account at a standard bank, and are a ton cheaper than check cashing!

A 2nd chance checking or bank accounts aren’t tough to get, you just need to figure out which way you want to do it. Go through the bank if you have time to wait on a checking account, or go with an alternative bank if you want everything right now!